Nakamoto Holdings, led by Trump’s crypto adviser David Bailey, raises $51.5M in fresh capital to accelerate its Bitcoin acquisition strategy. Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD. Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (BTC) accumulation strategy. “Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.” Read more
Real Vision CEO Raoul Pal says macroeconomic data suggests the current crypto cycle could extend into Q2 2026. The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal. “It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb up.” Bitcoin (BTC) started 2017 trading around $1,044 before reaching $2,187 by May 31 and closing the year at $14,156, an approximate 1,255% increase from its price at the beginning of the year, according to CoinMarketCap data. Read more
According to a post on CoinMarketCap's X account, the malicious code has been removed, though the team insists the investigation into the incident is still ongoing. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly removed a malicious popup notification on its website prompting users to verify their cryptocurrency wallets, according to a post on its official X account. “We’ve identified and removed the malicious code from our site,” CoinMarketCap said in a post on Friday. “Our team is continuing to investigate and taking steps to strengthen our security,” it added. Read more
Eric Semler says he enjoys being the “lone voice crying in the wilderness” with Bitcoin as most hedge fund executives think Bitcoin is a “fly-by-night concept.” Eric Semler, chairman of healthcare tech firm Semler Scientific Inc., says many of his hedge fund peers are skeptical about Bitcoin’s future once US President Donald Trump leaves office. “I think that they think it is a fly-by-night concept and that it is probably going to, after the Trump administration, go back down a lot,” Semler told Coin Stories host Natalie Brunell on Thursday. Semler, who also founded hedge fund TCS Capital Management in 2001, made his comments amid skepticism within the crypto industry about how long political support for crypto will last after US President Donald Trump’s administration ends. While Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are concerned that support may potentially unravel under a future president. Read more
Bitcoin derivatives traders turned cautious, despite steady inflows to the spot BTC ETFs. Key takeaways: The Bitcoin futures premium dropped to a 3-month low, even with prices just 8% below their all-time high. BTC options metrics turned bearish, despite stock market resilience amid macroeconomic pressure. Read more
Many users said they would delete accounts or consider moving to another platform if Reddit were to adopt World’s verification system. Social media platform Reddit is reportedly considering using the iris-scanning orbs developed by World — a project by Tools for Humanity, co-founded by OpenAI CEO Sam Altman — for its user verification system. According to a Friday Semafor report citing two people familiar with the matter, the platform is weighing the World ID system as a way for Redditors to verify that they are unique individuals. The report suggested that the verification system could still allow users to remain anonymous if they chose to do so. In response to the report, many users said they would delete their accounts or consider moving to another platform if Reddit were to adopt the verification system, citing concerns with privacy and anonymity. Read more
The consultation period comes as Thailand seeks to clarify regulations for the crypto industry. Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry. The country announced in May plans to allow tourists to spend crypto via credit cards, just a few days before blocking crypto exchanges OKX and Bybit in the country over concerns about unlicensed operations and money laundering. A month later, it announced a waiver on capital gains tax on crypto sales made through licensed crypto service providers. Read more